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Flora Growth Completes Acquisition Of Canada's Franchise Global Health

RTTNews | 939 days ago

Flora Growth Completes Acquisition Of Canada's Franchise Global Health

(RTTNews) - Cannabis products maker Flora Growth Corp. (FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, announced Tuesday that on December 23, 2022, it closed the previously disclosed acquisition of all of the issued and outstanding shares of Franchise Global Health Inc. (FGH.V), a multi-national operator in the medical cannabis and pharmaceutical industry, with principal operations in Germany.

The transformative deal accelerates Flora's expansion in Europe's largest medical cannabis market as Germany moves toward the launch of an adult-use market estimated to be worth over $1 billion by 2026

Flora has now secured a crucial footprint in an established international cannabis market, providing a unique opportunity for operational synergies and diversified growth.

The acquisition adds to Flora's distribution network, expanding its client base, and increases its ability to distribute wholesale cannabis products at scale into the European Union.

Tags: FLGC

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Positive Start Seen For Canadian Stocks

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RTTNews | 1h 22min ago

AT&T Q2 Results Beat Street; Now Sees FY25 Earnings Inline Or Below Market; Stock Down

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RTTNews | 1h 35min ago

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RTTNews | 2h 36min ago

CAC Rises 1.3% On U.S-EU Trade Deal Optimism

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RTTNews | 2h 50min ago

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RTTNews | 3h 15min ago

European Shares Rally On Trade Deal Optimism

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RTTNews | 3h 59min ago

Asian Shares Climb As Trade Tensions Ease

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RTTNews | 4h 34min ago

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